I’d like to share some thoughts regarding this chart:(more…)
Slope of Hope Blog Posts
Slope initially began as a blog, so this is where most of the website’s content resides. Here we have tens of thousands of posts dating back over a decade. These are listed in reverse chronological order. Click on any category icon below to see posts tagged with that particular subject, or click on a word in the category cloud on the right side of the screen for more specific choices.
The idea of making an “inverse index fund” by doing the opposite of what Jim Cramer, Dennis Gartman, or any other contra-indicator out there is a tired, oft-cited joke. Someone decided to actually do this for real, however, with bumbling media starlet Cathie Wood by created the SARK fund. Let’s just say the 100% return in the span of half a year is applause-worthy.(more…)
Gold is following a logical path in 2022
Reference this article posted on 12.30.21:
Gold has done nothing unusual and in fact it has done as would normally be expected. In February it began to rally out of the base on the daily (futures) chart below. Driven by war (easy on the war, terror and pestilence bull rationales dear gold bugs) and inflation hype, kneejerkers and momos (momentum players) quickly jumped on pushing gold to an overbought high on March 8. The resulting correction is normal and it is healthy. Momos are not allowed to participate in a real gold bull (at least not until later when the bull is obviously blowing off).(more…)